This brief provides an updated compilation of selected consumer taxes, including rates and descriptions, that will be in effect in the City of Chicago on July 1, 2008. It includes such taxes as the sales tax, gas tax, amusement tax, lease…
This report provides estimates of the total market value of real property in Cook County from 1996-2005 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. From 1996-2005, the value of…
This report compares property tax rates in selected communities around metropolitan Chicago, and finds that effective rates for commercial property in Chicago declined by nearly 50 percent between tax years 1999 and 2005.
This comprehensive property tax study examines the effects of the "7% cap" (expanded homeowner exemption) on property tax throughout Cook County from 2002-2005, and projected 2006-2008. The report breaks out more categories of property and…
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2005. It finds a combined 16.5 billion dollars in unfunded liabilities for the…
The Civic Federation's legislative priorities for 2007 include public pension reform, property tax exemptions and assessment reform, revision of the Regional Transportation Authority Act, tax increment financing disclosure, timely county…
The Civic Federation offers qualified support for Cook County’s FY2007 Budget based on the County’s plan to meet its 502 million dollar budget deficit with substantial spending cuts rather than tax increases. The Civic Federation opposes,…
Based on data from its new, comprehensive analysis of the "7 percent cap", the Civic Federation maintains its support for extending the property tax exemption through tax years 2006-2008 at its current maximum exemption level of twenty…
This report examines trends in expenditures, revenues, fund balance, personnel, and long-term debt for 1099 local governments in Cook, Lake, DuPage, Kane, McHenry, and Will counties. It includes aggregate data on counties, forest preserve…
This report compares property tax rates in selected communities around metropolitan Chicago, and finds that the effective rate for most communities studied fell between 1999 and 2004.
